Petrobras Completes Manati Development Drilling

Norse Energy Corp., in partnership with Petrobras (Operator) and Queiroz Galvao Oil and Gas, said that Petrobras has successfully completed the drilling and logging of the final section of the MNT-6 well at -1520 meters of depth--about 50 meters above gas/water contact. The top of the reservoir section was reached at 1370 meters, 7 meters above forecasted depth, and reservoir net pay at this location was evaluated to be 190 meters.

The next operations include equipping the well with an open hole gravel pack system, perform production testing, and complete the well for tie-in and production.

The well completes the development drilling of the six planned Manati wells.

Seismic mapping completed by the operator identified a potential northeast extension of the Manati field. Consequently a seventh well has been approved to be drilled next year.

Tight availability of diving and support equipment combined with bad weather is causing delay in completing the tie-in operation of wells MNT-4 and MNT-5.

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